| From | Levy Economics Institute of Bard College <[email protected]> |
| Subject | Levy News, February 2, 2023 |
| Date | February 2, 2023 4:05 PM |
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A newsletter from the Levy Economics Institute of Bard College
February 2, 2023
Institute News
New Research Scholar <[link removed]>
We are pleased to announce that Giuliano Toshiro Yajima <[link removed]> is joining the Levy Institute as a member of the Institute's Macro-Modeling Team and a coauthor of our Strategic Analysis reports <[link removed]>. His research focuses on macroeconomic theory and policy, growth and income distribution, structural change and patterns of innovation, international financial instability, and ecological economics.
Read Giuliano's Institute publications here <[link removed]>.
New Publications
One Pager No. 70, December 2022
The Causes of Pandemic Inflation <[link removed]>
L. Randall Wray <[link removed]>
Senior Scholar L. Randall Wray <[link removed]> explores the causes of the inflationary environment, arguing that continuing inflation pressures come mostly from the supply side, and warns of the negative impact of interest rate hikes in light of declining federal spending.
» Read complete text (pdf) <[link removed]>
Strategic Analysis, October 2022
Greece: Recovery, or Another Recession? <[link removed]>
Dimitri B. Papadimitriou <[link removed]>, Gennaro Zezza <[link removed]>, and Nikolaos Rodousakis <[link removed]>
In this strategic analysis, Institute President Dimitri B. Papadimitriou <[link removed]>, Senior Scholar Gennaro Zezza <[link removed]>, and Research Associate Nikolaos Rodousakis <[link removed]> discuss the medium-term prospects for the Greek economy in a time of increasing uncertainty—due to the geopolitical turbulence emanating from the Ukraine--Russian conflict, with its impact on the cost of energy, as well as the increase in international prices of some commodities.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1013, January 2023
The Economic and Environmental Effects of a Green Employer of Last Resort: A Sectoral Multiplier Analysis for the United States <[link removed]>
Giuliano Toshiro Yajima <[link removed]>, Nikolaos Rodousakis <[link removed]>, and George Soklis
Research Scholar Giuliano Toshiro Yajima <[link removed]>, Research Associate Nikolaos Rodousakis <[link removed]>, and George Soklis, Panteion University, assess the sectoral impact of the implementation of a "green" employer of last resort (ELR) program in the US, based on an environmental modification of an extended Kurz's multiplier framework and data from OECD Input-Output tables. The authors use these multipliers to estimate the impact of an "optimal" ELR, designed to maximize the impact on both output and employment while minimizing both imports and carbon emissions. They then test several alternative policy scenarios based upon different compositions of US government expenditure.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1012, December 2022
An Analysis of UK Swap Yields <[link removed]>
Tanweer Akram and Khawaja Mamun
Tanweer Akram, Citibank, and Khawaja Mamun, Sacred Heart University, investigate whether Keynes's claim concerning the central bank's influence over the long-term interest rate can be extended to the yields of spread products and over-the-counter financial derivatives by econometrically modeling the dynamics of the pound sterling--denominated long-term interest rate swap yield.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1011, September 2022
The Dynamics of Monthly Changes in US Swap Yields: A Keynesian Perspective <[link removed]>
Tanweer Akram and Khawaja Mamun
In testing John Maynard Keynes's assertion that the central bank sways the long-term interest rate through the influence of its policy rate on the short-term interest rate, Tanweer Akram, Citibank, and Khawaja Mamun, Sacred Heart University, investigate monthly changes in US long-term swap yields. Their findings indicate a perspicacious Keynesian perspective on key policy questions and contemporary debates in macroeconomics and finance.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1010, September 2022
Reflections on Angela Merkel's Career as Chancellor of Germany and the Greek Financial Odyssey <[link removed]>
George Zestos, Harrison Whittleton, and Alejandro Fernandez-Ribas
By analyzing the 16-year career of Angela Merkel, the second-longest-standing modern German chancellor, George Zestos, Harrison Whittleton, and Alejandro Fernandez-Ribas of Christopher Newport University assess the effects of an economic approach that placed national interests over EU interests in the long term. Following their historical breakdown, they ask whether Merkel can be held responsible for the prolonging of the eurocrisis and the increase of income inequality in Germany based on her policies.
» Read complete text (pdf) <[link removed]>
Levy Graduate Programs in Economic Theory and Policy
Backed by over 30 years of proven policy impact, the Levy Institute Graduate Programs in Economic Theory and Policy provide innovative approaches to topics such as time use, poverty, gender, student debt, and employment that other programs neglect, encouraging students to evaluate policies, examine behavior, and dig deeper into the social phenomena that underlie economic outcomes.
Along with a challenging academic environment, the Levy programs also offer a supporting and caring community where students benefit from sharing their research with faculty and their peers to promote academic exchanges and intellectual collaboration.
To find out more, visit bard.edu/levygrad or follow the program's Facebook <[link removed]> page.
Interested students should contact the Institute at [email protected] for more information. Scholarships are available.Media And Web Coverage
Research Scholar Pavlina Tcherneva <[link removed]> met with government officials in Bogotá, Colombia, to present her proposal for a national job guarantee program in December 2022. Tcherneva was hosted on The Hill to debate former Trump Economic Advisor Stephen Moore <[link removed]> on the validity of the Inflation Reduction Act on August 18, 2022; on October 31, she spoke with Olivier De Schutter, UN Special Rapporteur on Extreme Poverty and Human Rights, on the upcoming UN report on the job guarantee and again on January 25, 2023 on assessing global progress in advancing the job guarantee. Her book The Case for a Job Guarantee <[link removed].> has been translated into Italian <[link removed]>, Polish <[link removed]>, and Ukrainian <[link removed]>, and will be translated to Chinese in 2023. She has spoken at the Brazilian Center for International Relations (CEBRI) on September 27, 2022 on Job Guarantee as Public Policy <[link removed]>, and at the Third International Conference in Herterodox Economics in November 2022 on The Crucial Role of Women within the Heterodox Economics Community. In September 2022, Tcherneva authored a policy brief for the Foundation for European Studies titled Economic policy Innovation for Stability, Security and Sustainability. <[link removed]>
Senior Scholar L. Randall Wray <[link removed]> published a new book titled Modern Monetary Theory <[link removed]> in January 2023, aimed at providing an up-to-date account of Modern Monetary Theory from a global perspective. An editorial in The Guardian <[link removed]> cited Wray's research on the use and impact of austerity in open economies operating with a floating exchange rate.
Senior Scholar Rania Antonopoulos <[link removed]> took part in a meeting <[link removed]> organized by the European Trade Union Institute as part of the preparation of a key publication—"Transformative Ideas: Reconstruction Beyond the Pandemic"—for the 2023 European Trade Union Confederation Congress (ETUC), to which Antonopoulos will be contributing a chapter on a job guarantee for Europe. Antonopoulos was also invited by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) to speak at a high-level panel of the "XV Regional Conference on Women in Latin America and the Caribbean" on the topic of financing the care economy <[link removed]>. Download her remarks here <[link removed]>.
Research Scholar Luiza Nassif Pires <[link removed]> co-authored a paper with Isabella M. Weber, Jesús Lara Jauregui, and Lucas Texeira on inflation and "systemically significant sectors" that was cited in the Financial Times <[link removed]> and Bloomberg <[link removed]>.
In This Issue
Institute News <#news>
The Causes of Pandemic Inflation <#op70>
Greece: Recovery, or Another Recession? <#sa>
The Economic and Environmental Effects of a Green Employer of Last Resort <#WP1013>
An Analysis of UK Swap Yields <#WP1012>
The Dynamics of Monthly Changes in US Swap Yields <#WP1011>
Reflections on Angela Merkel's Career as Chancellor of Germany and the Greek Financial Odyssey <#WP1010>
Levy Graduate Programs <#grad>
Media and News Coverage <#media>
Read Our Blog
Levy Book Series
Visit the Institute's Book Series webpage <[link removed]> for selected books by our scholars.
Quick Links
Visit Our Website <[link removed]>
Research Programs <[link removed]>
Events <[link removed]>
Search
LevyInstitute.org <[link removed]>
You are receiving this e-mail because you either signed up at the Levy Institute website or filled out a request card asking to be placed on this list. If you have trouble accessing the Levy Institute's website, please send a brief description of the problem to [email protected].
Copyright © 1986--2022, Levy Economics Institute, Annandale-on-Hudson, NY 12504-5000. All rights reserved.
No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence, or otherwise, or from any use or operation of any methods, products, instructions, or ideas contained in the material herein.
Save
This email was sent to [email protected] by Levy Economics Institute of Bard College.
Unsubscribe from Levy Institute eNewsletter. <[link removed]>
February 2, 2023
Institute News
New Research Scholar <[link removed]>
We are pleased to announce that Giuliano Toshiro Yajima <[link removed]> is joining the Levy Institute as a member of the Institute's Macro-Modeling Team and a coauthor of our Strategic Analysis reports <[link removed]>. His research focuses on macroeconomic theory and policy, growth and income distribution, structural change and patterns of innovation, international financial instability, and ecological economics.
Read Giuliano's Institute publications here <[link removed]>.
New Publications
One Pager No. 70, December 2022
The Causes of Pandemic Inflation <[link removed]>
L. Randall Wray <[link removed]>
Senior Scholar L. Randall Wray <[link removed]> explores the causes of the inflationary environment, arguing that continuing inflation pressures come mostly from the supply side, and warns of the negative impact of interest rate hikes in light of declining federal spending.
» Read complete text (pdf) <[link removed]>
Strategic Analysis, October 2022
Greece: Recovery, or Another Recession? <[link removed]>
Dimitri B. Papadimitriou <[link removed]>, Gennaro Zezza <[link removed]>, and Nikolaos Rodousakis <[link removed]>
In this strategic analysis, Institute President Dimitri B. Papadimitriou <[link removed]>, Senior Scholar Gennaro Zezza <[link removed]>, and Research Associate Nikolaos Rodousakis <[link removed]> discuss the medium-term prospects for the Greek economy in a time of increasing uncertainty—due to the geopolitical turbulence emanating from the Ukraine--Russian conflict, with its impact on the cost of energy, as well as the increase in international prices of some commodities.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1013, January 2023
The Economic and Environmental Effects of a Green Employer of Last Resort: A Sectoral Multiplier Analysis for the United States <[link removed]>
Giuliano Toshiro Yajima <[link removed]>, Nikolaos Rodousakis <[link removed]>, and George Soklis
Research Scholar Giuliano Toshiro Yajima <[link removed]>, Research Associate Nikolaos Rodousakis <[link removed]>, and George Soklis, Panteion University, assess the sectoral impact of the implementation of a "green" employer of last resort (ELR) program in the US, based on an environmental modification of an extended Kurz's multiplier framework and data from OECD Input-Output tables. The authors use these multipliers to estimate the impact of an "optimal" ELR, designed to maximize the impact on both output and employment while minimizing both imports and carbon emissions. They then test several alternative policy scenarios based upon different compositions of US government expenditure.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1012, December 2022
An Analysis of UK Swap Yields <[link removed]>
Tanweer Akram and Khawaja Mamun
Tanweer Akram, Citibank, and Khawaja Mamun, Sacred Heart University, investigate whether Keynes's claim concerning the central bank's influence over the long-term interest rate can be extended to the yields of spread products and over-the-counter financial derivatives by econometrically modeling the dynamics of the pound sterling--denominated long-term interest rate swap yield.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1011, September 2022
The Dynamics of Monthly Changes in US Swap Yields: A Keynesian Perspective <[link removed]>
Tanweer Akram and Khawaja Mamun
In testing John Maynard Keynes's assertion that the central bank sways the long-term interest rate through the influence of its policy rate on the short-term interest rate, Tanweer Akram, Citibank, and Khawaja Mamun, Sacred Heart University, investigate monthly changes in US long-term swap yields. Their findings indicate a perspicacious Keynesian perspective on key policy questions and contemporary debates in macroeconomics and finance.
» Read complete text (pdf) <[link removed]>
Working Paper No. 1010, September 2022
Reflections on Angela Merkel's Career as Chancellor of Germany and the Greek Financial Odyssey <[link removed]>
George Zestos, Harrison Whittleton, and Alejandro Fernandez-Ribas
By analyzing the 16-year career of Angela Merkel, the second-longest-standing modern German chancellor, George Zestos, Harrison Whittleton, and Alejandro Fernandez-Ribas of Christopher Newport University assess the effects of an economic approach that placed national interests over EU interests in the long term. Following their historical breakdown, they ask whether Merkel can be held responsible for the prolonging of the eurocrisis and the increase of income inequality in Germany based on her policies.
» Read complete text (pdf) <[link removed]>
Levy Graduate Programs in Economic Theory and Policy
Backed by over 30 years of proven policy impact, the Levy Institute Graduate Programs in Economic Theory and Policy provide innovative approaches to topics such as time use, poverty, gender, student debt, and employment that other programs neglect, encouraging students to evaluate policies, examine behavior, and dig deeper into the social phenomena that underlie economic outcomes.
Along with a challenging academic environment, the Levy programs also offer a supporting and caring community where students benefit from sharing their research with faculty and their peers to promote academic exchanges and intellectual collaboration.
To find out more, visit bard.edu/levygrad or follow the program's Facebook <[link removed]> page.
Interested students should contact the Institute at [email protected] for more information. Scholarships are available.Media And Web Coverage
Research Scholar Pavlina Tcherneva <[link removed]> met with government officials in Bogotá, Colombia, to present her proposal for a national job guarantee program in December 2022. Tcherneva was hosted on The Hill to debate former Trump Economic Advisor Stephen Moore <[link removed]> on the validity of the Inflation Reduction Act on August 18, 2022; on October 31, she spoke with Olivier De Schutter, UN Special Rapporteur on Extreme Poverty and Human Rights, on the upcoming UN report on the job guarantee and again on January 25, 2023 on assessing global progress in advancing the job guarantee. Her book The Case for a Job Guarantee <[link removed].> has been translated into Italian <[link removed]>, Polish <[link removed]>, and Ukrainian <[link removed]>, and will be translated to Chinese in 2023. She has spoken at the Brazilian Center for International Relations (CEBRI) on September 27, 2022 on Job Guarantee as Public Policy <[link removed]>, and at the Third International Conference in Herterodox Economics in November 2022 on The Crucial Role of Women within the Heterodox Economics Community. In September 2022, Tcherneva authored a policy brief for the Foundation for European Studies titled Economic policy Innovation for Stability, Security and Sustainability. <[link removed]>
Senior Scholar L. Randall Wray <[link removed]> published a new book titled Modern Monetary Theory <[link removed]> in January 2023, aimed at providing an up-to-date account of Modern Monetary Theory from a global perspective. An editorial in The Guardian <[link removed]> cited Wray's research on the use and impact of austerity in open economies operating with a floating exchange rate.
Senior Scholar Rania Antonopoulos <[link removed]> took part in a meeting <[link removed]> organized by the European Trade Union Institute as part of the preparation of a key publication—"Transformative Ideas: Reconstruction Beyond the Pandemic"—for the 2023 European Trade Union Confederation Congress (ETUC), to which Antonopoulos will be contributing a chapter on a job guarantee for Europe. Antonopoulos was also invited by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) to speak at a high-level panel of the "XV Regional Conference on Women in Latin America and the Caribbean" on the topic of financing the care economy <[link removed]>. Download her remarks here <[link removed]>.
Research Scholar Luiza Nassif Pires <[link removed]> co-authored a paper with Isabella M. Weber, Jesús Lara Jauregui, and Lucas Texeira on inflation and "systemically significant sectors" that was cited in the Financial Times <[link removed]> and Bloomberg <[link removed]>.
In This Issue
Institute News <#news>
The Causes of Pandemic Inflation <#op70>
Greece: Recovery, or Another Recession? <#sa>
The Economic and Environmental Effects of a Green Employer of Last Resort <#WP1013>
An Analysis of UK Swap Yields <#WP1012>
The Dynamics of Monthly Changes in US Swap Yields <#WP1011>
Reflections on Angela Merkel's Career as Chancellor of Germany and the Greek Financial Odyssey <#WP1010>
Levy Graduate Programs <#grad>
Media and News Coverage <#media>
Read Our Blog
Levy Book Series
Visit the Institute's Book Series webpage <[link removed]> for selected books by our scholars.
Quick Links
Visit Our Website <[link removed]>
Research Programs <[link removed]>
Events <[link removed]>
Search
LevyInstitute.org <[link removed]>
You are receiving this e-mail because you either signed up at the Levy Institute website or filled out a request card asking to be placed on this list. If you have trouble accessing the Levy Institute's website, please send a brief description of the problem to [email protected].
Copyright © 1986--2022, Levy Economics Institute, Annandale-on-Hudson, NY 12504-5000. All rights reserved.
No responsibility is assumed by the publisher for any injury and/or damage to persons or property as a matter of products liability, negligence, or otherwise, or from any use or operation of any methods, products, instructions, or ideas contained in the material herein.
Save
This email was sent to [email protected] by Levy Economics Institute of Bard College.
Unsubscribe from Levy Institute eNewsletter. <[link removed]>
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